Big changes at AMD. The company challenges NVIDIA
One of the largest processor manufacturers, AMD, decided to lay off as much as 4% of its workforce. This means that up to 1,000 people will lose their jobs around the world.
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The purpose of the layoffs is reorganization of the company’s operations, which in turn is to enable AMD to truly compete with NVIDIA.
In recent years, that’s exactly what happened NVIDIA, has grown into a market leader in processors necessary to build advanced artificial intelligence models, while leaving the competition far behind.
We are in the process of changing the company’s strategy in order to focus our resources and attention on areas where we see the greatest potential for future development.
– says AMD’s statement.
AI is growing and the gaming sector is getting weaker
In the last quarter, AMD’s sales results in the artificial intelligence sector have doubledwhile in the computer games segment the company recorded a decline of 69%.
AMD’s share price has fallen 3% this year, largely due to the company’s poor performance in artificial intelligence. The management board hopes that the announcement of a new version of processors dedicated to building MI325X artificial intelligence models and the concentration of production forces in this area will improve the company’s valuation.
See: AMD is planning a full offensive. We will get a lot of new things
See: NVIDIA is switching production. This is the priority now
